M.E. Allison & CO. Inc. Makes New Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

M.E. Allison & CO. Inc. purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,493 shares of the credit services provider’s stock, valued at approximately $213,000.

Several other large investors have also recently made changes to their positions in PYPL. Gordian Capital Singapore Pte Ltd purchased a new stake in PayPal during the third quarter valued at approximately $26,000. Rosenberg Matthew Hamilton lifted its holdings in shares of PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares during the last quarter. Sugarloaf Wealth Management LLC lifted its holdings in shares of PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 272 shares during the last quarter. Planning Capital Management Corp boosted its position in shares of PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 268 shares in the last quarter. Finally, Financial Management Professionals Inc. grew its stake in PayPal by 125.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after buying an additional 243 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on PYPL. Mizuho raised their price target on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Wolfe Research raised shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price on the stock in a research report on Friday, December 13th. Morgan Stanley upped their price target on shares of PayPal from $76.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Stephens lifted their price objective on shares of PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Finally, Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research report on Wednesday, October 30th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $89.32.

PayPal Price Performance

NASDAQ:PYPL opened at $91.81 on Tuesday. The stock has a 50 day moving average of $87.40 and a two-hundred day moving average of $76.97. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66. The firm has a market cap of $92.04 billion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 1.42 and a beta of 1.44. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. The firm had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.97 earnings per share. On average, analysts expect that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

About PayPal

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.